Core Viewpoint - McGraw-Hill, a 135-year-old American education service provider, has successfully gone public on the New York Stock Exchange under the ticker "MH," raising $415 million through the issuance of 24.39 million shares at $17 each, slightly below the initial price range of $19 to $22 [1]. Group 1: Financial Performance - For the fiscal year ending March 31, McGraw-Hill reported revenues of $2.1 billion, reflecting a 7% year-over-year growth [1]. - The company experienced a net loss of $85.8 million, which is an improvement compared to a net loss of $193 million in the same period last year [1]. Group 2: Ownership and Market Position - Despite the IPO, Platinum Equity retains nearly 87% ownership of McGraw-Hill, indicating strong confidence in the company's future [1]. - McGraw-Hill's current market capitalization stands at $3.2 billion [1]. Group 3: Business Operations and History - McGraw-Hill operates in over 100 countries globally, providing educational services and materials to students and educators [3]. - The company has undergone significant changes, including a $2.4 billion acquisition by Apollo Global Management in 2013 and a subsequent sale to Platinum Equity for $4.5 billion in 2020 [3]. - McGraw-Hill is actively expanding its product offerings and embracing digital transformation, including the launch of AI-driven educational tools, with 26 million digital paying users reported in the last fiscal year [3].